Credit insurance is often included in automobile sales, finance company loans, and other installment transactions. These high-profit products are routinely included regardless of whether the customer wants or needs them. If your practice includes litigating new or used automobile sales or other installment purchases, you will learn the implications of finding common types of credit insurance, including credit life, credit disability, and GAP coverage. Topics to be covered include underwriting issues, premium limits, premium rebates, and filing claims.
What You Will Learn
• What to look for when you see charges for credit insurance in an installment contract
• Truth-in-Lending disclosure requirements with respect to the sale of credit insurance
• Underwriting and claims issues
Steven Taterka is a former assistant attorney general in Tennessee, deputy attorney general in Indiana, and legal services attorney in Wisconsin and Alabama. He currently maintains a consumer protection practice including UDAP, lemon law, odometer fraud, salvage fraud, Truth-in-Lending, and FDCPA cases. He is admitted to practice in Wisconsin, Alabama, the District of Columbia, Indiana, and Tennessee.